CBOT Recoups Overnight Losses on End User Pricing & firming Non US Grain Prices; China Crush Margins Improve

 CBOT futures are mixed to lower at midday with the markets trying to recover from their 3-day correction. Speculative excesses have been curtailed as March corn fell below $5.20 and March soybeans reached near $13.50 as short-term momentum funds sold out a portion of their long holdings. There has also been rumors that Chinese traders…

Midwest Cash Corn Movement Best Since ’20 Harvest: Funds Bank Profits After Reopening; Russia & NOPA on Tap

The USDA January Crop Report has passed, and the entire world has now been able to react to its bullish data. This produced a short-term hangover as the market awaits new evidence that lofty prices are rationing demand? Demand led bull markets often consolidate large gains for a few days before pushing to new highs.…